Although futures have fallen, I don't think U.S. stocks will plummet. ORCL's earnings report may temporarily pressure tech stocks, but the Fed has entered a rate-cutting cycle and is still repurchasing $40 billion in short-term bonds every month, so liquidity is not bad. Next year, the new Fed chairman will be more dovish, and the overall environment will remain accommodative.
A short-term correction of 3% to 5% is normal volatility, and shorting further is like licking blood off a knife's edge. U.S. stocks have always been short bears and long bulls.
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